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commercial insurance


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Willis Towers Watson reports ‘meaningful’ price hike in commercial auto, modest price drops in other lines

December 12, 2016 by Canadian Underwriter

Commercial auto prices were generally up year over year in the third quarter, but there were “modest” prices decreases in other lines including commercial property and surety bonds, Willis Towers Watson plc said in its most recent Commercial Lines Insurance

News InsuranceMergers and AqcuisitionsProfessional Development

Insurer profitability, broker expertise key drivers of customer satisfaction in large commercial insurers in Canada and U.S.: J.D. Power study

December 5, 2016 by Canadian Underwriter

The key variables driving overall commercial insurance customer satisfaction in Canada and the United States are insurer profitability and broker expertise, according to the J.D. Power 2016 Large Commercial Insurance Study. The survey, which provides an “independent and objective” measure

News CatastrophesInsuranceMergers and Aqcuisitions

$5.3 billion to be re-invested in Alberta economy over three years to rebuild Fort McMurray: Conference Board of Canada report

November 15, 2016 by Canadian Underwriter

About $5.3 billion will be re-invested in Alberta’s economy over the next three years to rebuild Fort McMurray following the massive wildfire in May, according to a new Conference Board of Canada report on the economic impacts of Canada’s most costliest natural

News InsuranceLegislation / RegulationMergers and AqcuisitionsProfessional Development

Zurich combines corporate, commercial businesses into single unit, appoints CEO of Commercial Insurance

September 21, 2016 by Canadian Underwriter

Zurich Insurance Group announced on Tuesday that it will combine its corporate and commercial businesses into a “single global business as part of its process to simplify and strengthen its organization.” The new unit, to be called Commercial Insurance, brings

News Earnings / RatingsInsuranceMarkets / CoveragesMergers and Aqcuisitions

U.S. commercial insurance prices nearly flat during second quarter of 2016: Willis Towers Watson

September 12, 2016 by Canadian Underwriter

Commercial insurance prices in the United States were nearly flat during the second quarter of 2016, according to the most recent Commercial Lines Insurance Pricing Survey (CLIPS), released on Monday. Willis Towers Watson (WTW), a global advisory, broking and solutions

News CatastrophesClimate ChangeInsuranceMarkets / CoveragesMergers and AqcuisitionsReinsurance

Saturated ground means more rain could spur more flooding in southern Louisiana: AIR Worldwide

August 25, 2016 by Canadian Underwriter

Additional rainfall could result in more flooding in southern Louisiana, already hit hard by extensive flooding associated with one of the state’s most catastrophic, non-tropical cyclone-triggered flood events in decades. “In the event of further rainfall, the region’s flat topography,

News CatastrophesClimate ChangeConstructionInsuranceLegislation / RegulationMergers and AqcuisitionsReinsurance

Homes more resistant to ignition by embers had improved survival in Fort Mac wildfire, “luck” not a factor: ICLR report

August 22, 2016 by Canadian Underwriter

Surviving homes in otherwise decimated neighbourhoods of Fort McMurray hit by this spring’s massive wildfire were more resistant to ignition by embers, notes a preliminary report issued by the Institute for Catastrophic Loss Reduction (ICLR). Home survival is not random

News AssociationsInsuranceLegislation / RegulationMergers and Aqcuisitions

Global commercial insurers operating in Canada join forces to form new association

July 18, 2016 by Canadian Underwriter

A number of foreign-owned commercial insurers operating in Canada have come together to form the Global Commercial Insurers Association (GCIA). The Toronto-based association will provide a platform through which foreign-owned commercial insurance carriers can become informed of current regulatory developments

News InsuranceLegislation / RegulationMergers and AqcuisitionsTechnology

Intact’s commercial ridesharing insurance policy gets green light in Ontario

July 8, 2016 by Canadian Underwriter

The Financial Services Commission of Ontario has approved a commercial ridesharing insurance policy offered by Intact Financial Corporation (IFC) in partnership with Uber Canada. Effective July 7, 2016, IFC reports in a statement that the product will provide protection to

News Earnings / RatingsInsuranceMarkets / CoveragesMergers and Aqcuisitions

U.S. commercial insurance prices rose less than 1% in first quarter: Willis Towers Watson

June 13, 2016 by Canadian Underwriter

Commercial insurance prices in the United States increased modestly in aggregate – less than 1% – during the first quarter of 2016, continuing a three-year trend of smaller increases, according to the latest Commercial Lines Insurance Pricing Survey (CLIPS) by

News InsuranceLegalMarkets / CoveragesMergers and AqcuisitionsTechnology

Insurance industry needs to catch up, huge advantage for first-movers in sharing economy: Nelis

June 6, 2016 by Angela Stelmakowich

The sharing economy is not a new concept, but because it moves so quickly today, the insurance industry must innovate to catch up and reap the benefits, David Nelis, national CoE leader – casualty for Aon Risk Services, suggested last

Feature Mergers and Aqcuisitions

Transforming Commercial

June 1, 2016 Clinton D'Souza, Manager, Canadian Operations, Starr Insurance & Reinsurance Limited

Canada’s insurance industry, already focused on innovation in the personal lines market, needs to expand its view. Innovation in the commercial lines space holds great promise for creating new business models, developing new partnerships and taking advantage of the data that the Internet of Things offers.